Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC grew its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 4,406.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,543 shares of the real estate investment trust’s stock after acquiring an additional 5,420 shares during the quarter. Headlands Technologies LLC’s holdings in Apple Hospitality REIT were worth $81,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APLE. Principal Securities Inc. acquired a new position in Apple Hospitality REIT in the fourth quarter valued at $26,000. EdgeRock Capital LLC purchased a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth about $26,000. YHB Investment Advisors Inc. purchased a new stake in shares of Apple Hospitality REIT during the 1st quarter worth about $37,000. Fortis Group Advisors LLC increased its position in Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,493 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Apple Hospitality REIT by 115.6% in the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,313 shares during the period. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday. Oppenheimer decreased their price target on shares of Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, Wedbush started coverage on Apple Hospitality REIT in a research report on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT currently has an average rating of “Hold” and an average target price of $16.25.

Apple Hospitality REIT Trading Up 0.5 %

NYSE APLE opened at $14.35 on Tuesday. The stock has a market cap of $3.48 billion, a P/E ratio of 16.68 and a beta of 1.12. The company’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $14.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $390.08 million for the quarter, compared to analysts’ expectations of $388.82 million. Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. During the same period last year, the firm earned $0.49 EPS. Equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.61 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Friday, August 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is 111.63%.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.04 per share, for a total transaction of $70,200.00. Following the purchase, the chairman now directly owns 636,990 shares in the company, valued at $8,943,339.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.